same era‚ a man named Steve Jobs sold his Volkswagen to construct 50 circuit boards. In order to make his dream come true‚ Steve Jobs sells one of his most cared and important items. The result was 50 Apple 1 computers. It paved the way for future technological advances. Without such sacrifice‚ the Apple 2 and the succeeding computers would not exist. If these men did not make these sacrifices‚ the world would not be the same it is today. The achievements Steve Jobs and Bill Gates made could not
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Business Financing and the Capital Structure Business Financing and the Capital Structure Pamela D. Forbes Strayer University Dr. John Karaffa December 01‚ 2013 Business Financing and the Capital Structure Data gathering‚ planning‚ preparing‚ presenting‚ implementing and the on-going monitoring
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Executive Summary Apple Incorporated is a successful enterprise that develops‚ markets‚ and manufactures many electronic devices. Personal computers‚ media‚ mobile devices and portable music players are all products known across the world within the apple culture as the Mac‚ iPad‚ iPhone‚ and iPod. These names are part of many households‚ businesses and educational divisions in various countries. The decision to invest in such a company goes far beyond the popularity of a product. One must assess
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THE JOURNAL OF FINANCE • VOL. LIII‚ NO. 4 • AUGUST 1998 Agency Costs‚ Risk Management‚ and Capital Structure HAYNE E. LELAND* ABSTRACT The joint determination of capital structure and investment risk is examined. Optimal capital structure ref lects both the tax advantages of debt less default costs ~Modigliani and Miller ~1958‚ 1963!!‚ and the agency costs resulting from asset substitution ~Jensen and Meckling ~1976!!. Agency costs restrict leverage and debt maturity and increase yield
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Analysis of Apple Inc. and Sony Corp. Apple Inc. and Sony Corp. are both international companies which have innovative spirits‚ and their products are leading or have led an age. Although they are marketing in different segments in electronic industry—Apple focuses on computer science and software development‚ while Sony focuses on almost all area in electronics industry‚ they have one common point: innovation is the pillar of the companies. Historical Development of the Apple Inc. and the Sony
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UNIVERSITY On Capital Structure - Trends‚ Determinants & Issues in India with reference to banking sector: A case study of YES Bank. BY Shalini Shashidharan. M.Com. June 2013 Introduction – Background study The theory of capital structure is an important reference theory in any enterprise’s financing policy. The capital structure includes mixture of debt and equity financing and finding an optimal capital structure is one of the most important and
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results have been possible through the policies and the indispensable role of the policy makers‚ i.e. management who have taken State Bank of India to become one of the most prestigious & promising banks of India. The policies pertaining to Capital Structure & Dividend policy play a major role in the successful and efficient working of the bank. The objectives of the bank are the criteria for a bank to frame its policies. And it is very much clear that the objectives and the policies at SBI go
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Capital Structure Analysis – Walmart September 13‚ 2011 GB550: Financial Management Unit 3 Professor Ana Machuca Part I - The Abstract Wal-Mart is one of the biggest retail chains of the world (Sampson‚ 2008). Hence it’s very extensive financial reports were studied carefully in detail‚ in order to understand and evaluate the company’s operations and performance in terms of financial ratios and relevant cost drivers and hence suggest recommendations to improve the overall business
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Re-take exam IB55 29 Jan-05-Feb 2013 OPTION 2 This is the mandatory Cover Page to be attached to your exam paper if you choose to work with OPTION2 Dynamic Corporate Social Responsibility: Apple‚ Inc. Marcello Montrone INTRODUCTION The social psychologist Kurt Lewin (1890-1947)‚ once wrote: “There is nothing as practical as a good theory”. According to this saying we tend to consider theory very important and that it can be helpful to guide us on the correct way. This
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high‚ relative to book and past market values‚ and to repurchase equity when their market values are low. We document that the resulting effects on capital structure are very persistent. As a consequence‚ current capital structure is strongly related to historical market values. The results suggest the theory that capital structure is the cumulative outcome of past attempts to time the equity market. Introduction “Equity market timing” refers to the practice of issuing shares at
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